Bank of Korea: "Potential Increase in Financial Imbalance Risks Due to Sharp Surge in Nominal Growth"
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4 Articles
While the Korean economy is recording high growth rates driven by unprecedented semiconductor export boom, forecasts suggest that side effects such as rising consumer prices, polarization, and increased leveraged real estate investment may also emerge. ◇ ‘Double Burden’ of Expanding Consumption and International Oil Prices Surpassing $100 In its Monetary and Credit Policy Report released on the 10th, the Bank of Korea stated, “A significant rise…
(Seoul = Yonhap News) Reporter Han Ji-hoon = The Bank of Korea pointed out on the 10th that concerns about financial imbalances have grown as the recent nominal Gross Domestic Product (GDP) growth rate has risen sharply...
The Bank of Korea has released an analysis stating that the exceptionally large increase in nominal growth during the first half of this year, driven by the semiconductor boom, could amplify the risk of financial imbalances. Bank of Korea, Taepyeong-ro, Jung-gu, Seoul. December 13, 2017. ⓒ News1 Reporter Lee Seung-bae. In its Monetary and Credit Policy Report on the 10th, the Bank of Korea stated, “In a situation where expectations for rising as…
The surge in nominal growth is expected to contribute to sustained robust growth as it spreads throughout the economy through increased investment, wage hikes, and tax revenue growth.
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